16-02-2024
Business

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An insurance company prices its Tornado Insurance using the following assumptions: In any calendar year, there can be at most one tornado. In any calendar year, the probability of a tornado is 0.03. T__. What is the completion of the statement?
A) he policy covers damage from hailstorms
B) he policy covers damage from earthquakes
C) he policy covers damage from floods
D) he policy covers damage from hurricanes

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